Image: Octopus Renewables

Solar investor Octopus Energy Investments lauds its renewable business mission as it rebrands as Octopus Renewables.

Octopus Renewables claims to be the largest investor owner of solar power in Europe, with a global portfolio of 2.3GW of clean energy assets.

The name change is intended to more accurately reflect the business’ core mission of accelerating the transition to a future powered by renewable energy.

The investor made its maiden move into the UK networks sector early in 2019, investing in G2 sister company Eclipse Power. It also signed a contract with BayWa r.e. this year for the operations and maintenance of 13 of Octopus’ UK solar sites.

Matt Setchell, co-head of Octopus Renewables, said the name change was an “obvious” decision which aligns more clearly with the company’s focus.

“We look forward to building on the huge success of the UK’s energy market, exporting our expertise to new markets and breaking down the barriers for the crucial investment in the sector.”